Wolfe Research maintained its Peerperform rating on Toast Inc. (TOST) but adjusted its year-end 2026 fair value range to $31-$34, citing healthy Q4 expectations and overstated fears regarding AI competition.
- Analysts forecast strong Q4 results, projecting EPS of $0.24 (+380% YoY) and revenue of $1.62B (+21.1% YoY).
- The new fair value range of $31-$34 represents a decrease from the previous estimate of $40-$44.
- TOST is currently trading at $28.27, reflecting a gain of +1.95% today amid a broader tech rally.